Linde (LIN) Stock Rating Upgraded by Zacks Investment Research

Linde (NYSE:LIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, November 6th.

According to Zacks, “Praxair, Inc. was the first company in the United States to produce oxygen from air using a cryogenic process and continues to be a technological innovator in the industrial gases industry. Praxair’s primary products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The company’s surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Praxair serves a diverse group of industries including healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment. “

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LIN has been the topic of a number of other research reports. Sanford C. Bernstein assumed coverage on Linde in a research note on Monday, November 5th. They issued an “underperform” rating on the stock. Edward Jones assumed coverage on Linde in a research note on Wednesday, October 31st. They issued a “buy” rating on the stock. Barclays assumed coverage on Linde in a research note on Monday, November 5th. They issued an “equal weight” rating and a $178.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Linde in a research note on Friday, November 2nd. They issued an “overweight” rating and a $185.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $181.50.

Shares of NYSE LIN traded down $3.57 during midday trading on Tuesday, reaching $153.36. The company’s stock had a trading volume of 2,309,145 shares, compared to its average volume of 9,988,591. Linde has a 12-month low of $155.44 and a 12-month high of $166.85. The company has a market capitalization of $45.79 billion, a PE ratio of 26.22, a PEG ratio of 1.84 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.98.